Call For Action: Tell the Senate to Get to Work for Future Homebuyers

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H.R. 3700 was passed by the U.S. House 427-0. Despite passing the House with no objections, the U.S. Senate has not acted on H.R. 3700.

This legislation provides significant benefits to taxpayers, homebuyers and the real estate market by:

  • Removing a burdensome and expensive FHA Condo approval process
  • Reducing FHA restrictions on the number of condos available to homebuyers
  • Permanently streamlining Rural Housing Service loan processing

More Information on NAR’s efforts to pass H.R. 3700:

S. 3083 is the Senate companion bill that mirrors the House version, H.R. 3700.